UoH 2011 question paper

All 100 questions from the UoH 2011 University of Hyderabad MA Economics entrance paper. Open any question for the worked solution.

1. Q1An increase in aggregate demand is more likely to lead to demand pull inflation if:
2. Q2Which of the following is not involved with fiscal policy?
3. Q3An outward shift in the Marginal Efficiency of Capital should:
4. Q4A profit maximizing firm will invest up to the level of investment where:
5. Q5The standard of living is often measured by:
6. Q6To adjust GDP from market prices to factor cost:
7. Q7Who among the following was a Physiocrat?
8. Q8In the presence of heteroscadasticity, the OLS estimators are:
9. Q9Consider the following two linear equations: 2x - 5y + 0.5z = - 12.55; and - 0.33 x + 2.4 y + 3 z = 11. This system of equations possesses:
10. Q10Two students joined Ph D programme in ethical economics. At least one of these students is from Hyderabad. What is the probability that both of…
11. Q11A commodity is available in fixed supply. Demand is downward sloping with respect to own price. It is found that in equilibrium configuration, there…
12. Q12A sufficient statistic implies that:
13. Q13Consider an investor contemplating new investment. Suppose that she becomes less sure about future prospects of gains from such investment. Then it…
14. Q14According to the first fundamental theorem of welfare economics, a competitive general equilibrium is Pareto optimal when,
15. Q15Let consumption function be: C = 35 + 0.7 Y, where Y is disposable income and C is consumption. Let APC be average propensity to consume and MPC…
16. Q16Under permanent income hypothesis, if permanent income increases, then
17. Q17Type I error occurs due to
18. Q18Consider an economy with full employment and having a vertical aggregate supply function. An increase in taxes on income will lead to,
19. Q19For a normal distribution it is true that
20. Q20We are given the following two samples. Sample A has the following observations: 13, 13, 21, 29, 29; and sample B has the following observations…
21. Q21Suppose that the price elasticity of demand for honey has been estimated at -2. If quantity demanded increased by 10 percent, price must have…
22. Q22Along any straight-line, negatively sloped demand curve,
23. Q23If consumers spend $15 million a month on CDs, regardless of whether the price they pay goes up or down, that implies that their price elasticity of…
24. Q24A firm is employing 100 units of labor and 50 units of capital to produce 200 widgets. Labor costs $10 per unit and capital $5 per unit. For the…
25. Q25If a firm is producing where its short-run marginal cost (SMC) is equal to price and the long-run marginal cost (LMC) is less than long-run average…
26. Q26Mahalonobis model of Second five year plan placed emphasis on:
27. Q27India's current savings rate is
28. Q28The supply curve for a monopolist
29. Q29Tax reform committee headed by Rajah Chelliah suggested
30. Q30A 5% increase in the price causes no change in the total revenue that a firm earns ceteris-paribus. This implies that
31. Q31Stability of oligopolistic prices can be explained by
32. Q32India is less affected by the financial crisis of 2008 because we did not implement
33. Q33Which of the following variable will come under Stock variable?
34. Q34If GNP deflator is raised by 40% then which of the following statement is correct?
35. Q35The ratio of the change in equilibrium output to the change in autonomous spending that causes change in output is called
36. Q36An expansionary monetary and fiscal policy shifts
37. Q37Rate of unemployment can be calculated as
38. Q38The value of Gini coefficient ranges from
39. Q39Total cost of production for a firm to produce 100 units is Rs.1,500 and to produce 150 units is Rs.2000. Assuming the average variable cost to be…
40. Q40For an economy consumption-income ratio is given to be 0.72. The incremental capital-Output ratio is 4. Given that the population is growing at 3%…
41. Q41The values of X and Y that maximize the function' π = 110X - 3X ² -2XY - 2Y ² + 140Y such that X/Y = 2 are
42. Q42The second -order own partial derivatives of the function: Z = X ³ -9XY -3Y ³
43. Q43The bordered Hessian determinant for the problem: Maximize U = XY + X, subject to. 6X + 2Y =110 is
44. Q44Given the demand function, p = 25 - q ², the consumer surplus for 4 units of q is equal to
45. Q45Limit of the function, f(x)= (x-4) /(16 -x ²) as x → 4 is equal to
46. Q46Which of the following statements is true?
47. Q47Fiscal deficit in an economy is fundamentally sustainable as long as:
48. Q48Positive economics
49. Q49A pure private good is
50. Q50The slope of the production possibilities curve is the
51. Q51Which one of the following statements is false?
52. Q52If R is a matrix of 8 × 9, Q is matrix of order 4 × 8 and P is matrix of order 3 × 4, then the order of the new matrix PQR is
53. Q53Given a consumption function C = 510 + 0. 9Y what is the value of the multiplier?
54. Q54The speculative demand for money depends on
55. Q55Which of the following is NOT included in the estimation of national income through income method?
56. Q56If y = a ^x, then dy/dx is equal to
57. Q57If A = [1 -1; 0 2] B = [0 1; -1 2] then AB' must be equal to
58. Q58The mean of a binomial distribution with n= 20, p = 0.5, where n is sample size and p is the probability of success, is
59. Q59The regression lines of y on x, and x on y intersect
60. Q60If A and B are two distinct sets, then A ∩ B is a null set, if
61. Q61Given TC = 3q ² + 7q + 12 (q = quantity; TC = total cost), the marginal cost (MC) and average cost (AC) at q = 3 are
62. Q62The mean and standard deviation of the weights of 20 school children are recorded to be 30 kg. and 3 kg. respectively. If each of the children is…
63. Q63A basket contains 5 red and 4 white balls. If two balls are drawn at random, the probability of getting one red and one white ball is:
64. Q64If y = log (x - e^(-x)), then dy/dx is equal to:
65. Q65Verify the property of the following matrix: [2 4/3; -3/2 -1]
66. Q66Let A be the set of positive integers whose square is less than or equal to nine. Let B be the set of all even integers. Then, which of the…
67. Q67If a frequency distribution is positively skewed, the mean will be located
68. Q68When the intrinsic value of money and its face value are equal it is called
69. Q69What is the empirically fitted relationship between the rate of change of money wages and rate of unemployment, known as?
70. Q70Who is the first women to win the Nobel prize in Economics?
71. Q71The proportion of Indian workforce employed in the unorganized sector is around:
72. Q72Cropping pattern refers to
73. Q73The Narasimham committee I dealt with:
74. Q74Which of the following is not included in the invisibles on current account of the balance of payments of India?
75. Q75Which of the following is an example of a positive externality?
76. Q76According to Marxian dialectics, what drives economic and social change in a society?
77. Q77According to Marxian political economy, which of the following statements is true?
78. Q78The supply curve of labour to industry is horizontal if there is surplus labour in agriculture. This persists as long as
79. Q79Which of the following statements best reflects Hirschman's theory of unbalanced growth?
80. Q80Which of the following is a backward linkage effect from automobile industry?
81. Q81A neutral tax is one that
82. Q82The text book definition of disguised unemployment includes workers who
83. Q83The efficiency wage hypothesis helps to explain
84. Q84Agricultural growth in India after the eighties was largely due to
85. Q85The product exhaustion theorem is valid only if
86. Q86The first time the Indian rupee was devaluated in the post Independence period was in
87. Q87Indian industry witnessed a stagnation in the period
88. Q88In the Ricardian model the growth process is ultimately limited by
89. Q89The primary difference between excise and sales taxes is that only excise taxes are
90. Q90Assuming an industrial growth rate of 6 percentage, what is its contribution to the country's GDP growth if the share of industrial sector to GDP is…
91. Q91Most of the successful cases of land reforms have involved
92. Q92Which of the following is a forward linkage effect of expanding the tractor industry?
93. Q93Sunk costs are defined as those which
94. Q94If A and B are two events with probabilities of occurrence as P(A) = 0.6, P(B) = 0.4, and P(A ∩ B) = 0.2, then P(A | B) is
95. Q95What is the probability of a sum of numbers in two throws of a dice being 7?
96. Q96The CPI has increased from 300 to 330 and money wages for agricultural labour have increased from Rs. 40 to Rs. 47 per day. Which of the following…
97. Q97In the Harrod model, a country can increase its rate of growth of output if
98. Q98The regression line necessarily represents
99. Q99Monetarist believes that expanding money supply will
100. Q100Keynesian theory is based on